SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

Equity Bottom-Up

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FOR the 5 trading sessions that spanned Jun 24 to 30, the Straits Times Index (STI) gained 0.3 per cent, with the FTSE China A50 Index gaining 4.0 per cent, the Hang Seng Index rising 2.7 per cent and the FTSE Bursa Malaysia KLCI adding 0.9 per cent.

Overall, institutions were net sellers of Singapore stocks over the 5 sessions with S$194 million of net outflow, following S$116 million of net inflow for the preceding 5 sessions. DBS, UOB, OCBC, Singtel and SATS led the net institutional outflows for the 5 sessions through to Jun 30.

For the first 6 months of 2022, Singapore stocks booked S$154 million of net institutional outflows, with DBS, UOB, Yangzijiang Financial Holding, Mapletree Commercial Trust and Keppel DC Reit recording the most net outflows, while Singtel, City Developments, Keppel Corporation, Mapletree North Asia Commercial Trust and CapitaLand Integrated Commercial Trus booked the most net inflows.

 

Share buybacks

There were 22 primary-listed stocks conducting share buybacks over the 5 sessions ended Jun 30, with a total consideration of S$27.3 million, less than half the previous week’s consideration tally. OCBC and Wilmar International led the consideration tally, buying back shares at average prices of S$11.44, and S$4.03 respectively. There were as many as 35 primary-listed stocks that conducted buybacks for the month of June with a total consideration of S$284 million, down from the S$328 million consideration in May.

 Director and substantial shareholder transactions

The 5 trading sessions saw 70 changes to director interests and substantial shareholdings filed for close to 40 primary-listed stocks. This included 19 company director acquisitions with 1 disposal filed, while substantial shareholders filed 8 acquisitions and 5 disposals.

 United Hampshire US Reit

On Jun 28, United Hampshire US Reit Management non-independent non-executive director David Goss acquired 250,000 units of United Hampshire US Reit (UHReit) at an average price of 60.9 US cents per unit. With a consideration of US$152,125, this increased his direct interest from 0.09 per cent per cent to 0.13 per cent. This closely followed his acquisition of 500,000 units, also at 60.9 US cents per unit, between Jun 20 and 22. With a career spanning 50 years, Goss has been the managing director of UOB Global Capital since 1998. 

Recently, United Hampshire US Reit Management CEO Robert Schmitt, and CFO Gerard Yuen, provided Singapore investors with a comprehensive overview of the UHReit portfolio as part of the ongoing SIAS-SGX Corporate Connect Webinar series. UHReit is the first US grocery-anchored shopping centre and self-storage Reit to list in Singapore with a total property value of US$688.5 million as at Dec 31. This includes 20 grocery and necessity properties and four self-storage properties, located across 8 states, across the US east coast. UHReit maintains a conservative gearing ratio of 38.9 per cent, with 79.6 per cent of its borrowings on a fixed rate with no refinancing requirements until 2023. For the industry outlook, Schmitt cited a Green Street Strip Center Sector Update that found brick-and-mortar retail sales growth was 17 per cent higher in 2021 compared to pre-pandemic levels in 2019, as retailer interest for space remains strong. He also added that Q1 2022 was a record breaking first quarter for the self-storage industry and that self-storage occupancy remains at all-time highs driven by subdued vacates and sticky incremental demand in a Covid situation.

 

Yangzijiang Financial Holding

On Jun 24, Yangzijiang Financial Holding lead independent director Chew Sutat acquired 200,000 shares of the company for a consideration of S$86,000 at 43.0 cents per share. His preceding acquisitions were between Apr 29 and May 5, with 312,000 shares acquired at 52.8 cents per share. Chew previously served as senior managing director and a member of Singapore Exchange’s executive management team for 14 years.

 

Challenger Technologies

On Jun 27, Digileap Capital acquired 104,400 shares of Challenger Technologies at 56.0 cents per share. With a consideration of S$58,464, this increased the deemed interest of non-executive non-independent director Keith Tan Keng Soon in Challenger Technologies from 15.05 per cent to 15.08 per cent. Appointed to the board on Nov 29, 2021, he also serves as the chairman of the Dymon Asia Private Equity Investment Committee and is a founding partner of Dymon Asia Capital. Prior to Dymon, he was a director at Abax Global Capital, a special situations hedge fund based in Hong Kong, where he originated, structured, and executed investment transactions across Asia.

As a retailer of IT products at its retail outlets and online marketplace, Challenger Technologies offers its customers more than 50,000 products sourced from IT product distributors and suppliers, original brand manufacturers and original equipment manufacturers.

 

Uni-Asia Group

Between Jun 24 and 30, Uni-Asia Group executive chair Michio Tanamoto acquired 50,000 shares of the company at an average price of S$1.05 per share. This took his direct interest from 3.50 per cent to 3.56 per cent. Tanamoto was appointed the executive chair of Uni-Asia Group in April 2020.

On Jun 28, Uni-Asia Group executive director and CEO Kenji Fukuyado also acquired 30,000 shares of the company for a consideration of S$31,264. At an average price of S$1.04 per share, this took his direct interest from 1.87 per cent to 1.91 per cent. His preceding acquisition was on Jun 1, with 70,000 shares acquired at S$1.07 per share. Fukuyado was also appointed Uni-Asia Group CEO in April 2020.

 

Centurion Corporation

On Jun 28, Centurion Corporation executive director and joint chair David Loh Kim Kang acquired 100,000 shares of the purpose-built accommodation developer and manager at 35.0 cents per share. This took his total interest in company from 55.43 per cent to 55.44 per cent. His preceding acquisitions were between Jun 17 and 23 with 200,000 shares also acquired at 35.0 cents per share, as were the 1,860,400 shares acquired between May 20 and 26.

As reported on May 10, Centurion Corporation’s group revenue rose to S$45.1 million for Q1 2022, from S$30.7 million for Q1 2021. This was attributed to enlarged portfolio capacity and new business streams in its purpose-built workers accommodation segment across Singapore and Malaysia, as well as a healthy recovery in financial occupancy of its purpose-built student accommodation assets in the UK and Australia. The group owns and manages a strong portfolio of 36 operational accommodation assets totalling approximately 64,389 beds as at Mar 31.

 

Enviro-Hub Holdings

On Jun 24, Enviro-Hub Holdings executive chairman Raymond Ng acquired 400,000 shares of the company at 5.0 cents per share. This took his total interest in the environmental management solutions group from 28.17 per cent to 28.19 per cent. His preceding acquisition of 922,300 shares at 7.1 cents per share was on Feb 25.

 

Jason Marine Group

Between Jun 24 and 28, Jason Marine Group non independent non-executive director Eugene Wong Hin Sun acquired 100,000 shares of the company at an average price of 17.4 cents per share. This increased his total interest in the leading marine electronics systems integrator and support services provider from 2.52 per cent to 2.62 per cent. Wong is the founder and managing director of Sirius Venture Capital. He is also the non-executive chairman of NTUC Learninghub and non-executive vice-chairman of Japan Foods Holding. In addition, he is also the lead independent director of Alliance Healthcare Group and independent director of APAC Realty, and non-executive director of Singapore Cruise Centre.

 

GSH Corporation

On Jun 28, GSH Corporation executive chair Sam Goi Seng Hui acquired 41,000 shares of the company at an average price of 16.2 cents per share, with a consideration of S$6,642. He maintains a 63.65 per cent total interest in the property developer, hotel and resort operator. He has gradually increased his total interest from 47.97 per cent in July 2015.

 

Inside Insights is a weekly column on The Business Times,<a href="https://www.businesstimes.com.sg/companies-markets/uhreit-director-adds-to-stake-ocbc-wilmar-lead-buybacks"> read </a>the original version.
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    Share Buybacks


FOR the 5 trading sessions that spanned Jun 24 to 30, the Straits Times Index (STI) gained 0.3 per cent, with the FTSE China A50 Index gaining 4.0 per cent, the Hang Seng Index rising 2.7 per cent and the FTSE Bursa Malaysia KLCI adding 0.9 per cent.

Overall, institutions were net sellers of Singapore stocks over the 5 sessions with S$194 million of net outflow, following S$116 million of net inflow for the preceding 5 sessions. DBS, UOB, OCBC, Singtel and SATS led the net institutional outflows for the 5 sessions through to Jun 30.

For the first 6 months of 2022, Singapore stocks booked S$154 million of net institutional outflows, with DBS, UOB, Yangzijiang Financial Holding, Mapletree Commercial Trust and Keppel DC Reit recording the most net outflows, while Singtel, City Developments, Keppel Corporation, Mapletree North Asia Commercial Trust and CapitaLand Integrated Commercial Trus booked the most net inflows.

 

Share buybacks

There were 22 primary-listed stocks conducting share buybacks over the 5 sessions ended Jun 30, with a total consideration of S$27.3 million, less than half the previous week’s consideration tally. OCBC and Wilmar International led the consideration tally, buying back shares at average prices of S$11.44, and S$4.03 respectively. There were as many as 35 primary-listed stocks that conducted buybacks for the month of June with a total consideration of S$284 million, down from the S$328 million consideration in May.

 Director and substantial shareholder transactions

The 5 trading sessions saw 70 changes to director interests and substantial shareholdings filed for close to 40 primary-listed stocks. This included 19 company director acquisitions with 1 disposal filed, while substantial shareholders filed 8 acquisitions and 5 disposals.

 United Hampshire US Reit

On Jun 28, United Hampshire US Reit Management non-independent non-executive director David Goss acquired 250,000 units of United Hampshire US Reit (UHReit) at an average price of 60.9 US cents per unit. With a consideration of US$152,125, this increased his direct interest from 0.09 per cent per cent to 0.13 per cent. This closely followed his acquisition of 500,000 units, also at 60.9 US cents per unit, between Jun 20 and 22. With a career spanning 50 years, Goss has been the managing director of UOB Global Capital since 1998. 

Recently, United Hampshire US Reit Management CEO Robert Schmitt, and CFO Gerard Yuen, provided Singapore investors with a comprehensive overview of the UHReit portfolio as part of the ongoing SIAS-SGX Corporate Connect Webinar series. UHReit is the first US grocery-anchored shopping centre and self-storage Reit to list in Singapore with a total property value of US$688.5 million as at Dec 31. This includes 20 grocery and necessity properties and four self-storage properties, located across 8 states, across the US east coast. UHReit maintains a conservative gearing ratio of 38.9 per cent, with 79.6 per cent of its borrowings on a fixed rate with no refinancing requirements until 2023. For the industry outlook, Schmitt cited a Green Street Strip Center Sector Update that found brick-and-mortar retail sales growth was 17 per cent higher in 2021 compared to pre-pandemic levels in 2019, as retailer interest for space remains strong. He also added that Q1 2022 was a record breaking first quarter for the self-storage industry and that self-storage occupancy remains at all-time highs driven by subdued vacates and sticky incremental demand in a Covid situation.

 

Yangzijiang Financial Holding

On Jun 24, Yangzijiang Financial Holding lead independent director Chew Sutat acquired 200,000 shares of the company for a consideration of S$86,000 at 43.0 cents per share. His preceding acquisitions were between Apr 29 and May 5, with 312,000 shares acquired at 52.8 cents per share. Chew previously served as senior managing director and a member of Singapore Exchange’s executive management team for 14 years.

 

Challenger Technologies

On Jun 27, Digileap Capital acquired 104,400 shares of Challenger Technologies at 56.0 cents per share. With a consideration of S$58,464, this increased the deemed interest of non-executive non-independent director Keith Tan Keng Soon in Challenger Technologies from 15.05 per cent to 15.08 per cent. Appointed to the board on Nov 29, 2021, he also serves as the chairman of the Dymon Asia Private Equity Investment Committee and is a founding partner of Dymon Asia Capital. Prior to Dymon, he was a director at Abax Global Capital, a special situations hedge fund based in Hong Kong, where he originated, structured, and executed investment transactions across Asia.

As a retailer of IT products at its retail outlets and online marketplace, Challenger Technologies offers its customers more than 50,000 products sourced from IT product distributors and suppliers, original brand manufacturers and original equipment manufacturers.

 

Uni-Asia Group

Between Jun 24 and 30, Uni-Asia Group executive chair Michio Tanamoto acquired 50,000 shares of the company at an average price of S$1.05 per share. This took his direct interest from 3.50 per cent to 3.56 per cent. Tanamoto was appointed the executive chair of Uni-Asia Group in April 2020.

On Jun 28, Uni-Asia Group executive director and CEO Kenji Fukuyado also acquired 30,000 shares of the company for a consideration of S$31,264. At an average price of S$1.04 per share, this took his direct interest from 1.87 per cent to 1.91 per cent. His preceding acquisition was on Jun 1, with 70,000 shares acquired at S$1.07 per share. Fukuyado was also appointed Uni-Asia Group CEO in April 2020.

 

Centurion Corporation

On Jun 28, Centurion Corporation executive director and joint chair David Loh Kim Kang acquired 100,000 shares of the purpose-built accommodation developer and manager at 35.0 cents per share. This took his total interest in company from 55.43 per cent to 55.44 per cent. His preceding acquisitions were between Jun 17 and 23 with 200,000 shares also acquired at 35.0 cents per share, as were the 1,860,400 shares acquired between May 20 and 26.

As reported on May 10, Centurion Corporation’s group revenue rose to S$45.1 million for Q1 2022, from S$30.7 million for Q1 2021. This was attributed to enlarged portfolio capacity and new business streams in its purpose-built workers accommodation segment across Singapore and Malaysia, as well as a healthy recovery in financial occupancy of its purpose-built student accommodation assets in the UK and Australia. The group owns and manages a strong portfolio of 36 operational accommodation assets totalling approximately 64,389 beds as at Mar 31.

 

Enviro-Hub Holdings

On Jun 24, Enviro-Hub Holdings executive chairman Raymond Ng acquired 400,000 shares of the company at 5.0 cents per share. This took his total interest in the environmental management solutions group from 28.17 per cent to 28.19 per cent. His preceding acquisition of 922,300 shares at 7.1 cents per share was on Feb 25.

 

Jason Marine Group

Between Jun 24 and 28, Jason Marine Group non independent non-executive director Eugene Wong Hin Sun acquired 100,000 shares of the company at an average price of 17.4 cents per share. This increased his total interest in the leading marine electronics systems integrator and support services provider from 2.52 per cent to 2.62 per cent. Wong is the founder and managing director of Sirius Venture Capital. He is also the non-executive chairman of NTUC Learninghub and non-executive vice-chairman of Japan Foods Holding. In addition, he is also the lead independent director of Alliance Healthcare Group and independent director of APAC Realty, and non-executive director of Singapore Cruise Centre.

 

GSH Corporation

On Jun 28, GSH Corporation executive chair Sam Goi Seng Hui acquired 41,000 shares of the company at an average price of 16.2 cents per share, with a consideration of S$6,642. He maintains a 63.65 per cent total interest in the property developer, hotel and resort operator. He has gradually increased his total interest from 47.97 per cent in July 2015.

 

Inside Insights is a weekly column on The Business Times, read the original version.



UHReit director adds to stake; OCBC & Wilmar lead buybacks

<h2>10 Questions for Enviro-Hub Holdings</h2>
Company Overview Enviro-Hub Holdings Ltd (Enviro-Hub) has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove Sdn. Bhd., marking the Group’s foray into the glove manufacturing and healthcare consumables sectors. <a href="https://www.sgx.com/securities/equities/L23" target="_blank" rel="noopener">Link to StockFacts company page</a>
<ol>
<li>With a diverse portfolio, how does the Group ensure that synergy between the various subsidiaries is maintained?</li>
</ol>
<ul>
<li>Enviro-Hub’s businesses include (i) trading, recycling and refining of e-waste/metals; (ii) piling contracts, construction, rental and servicing of machinery; (iii) property investments and management; and (iv) plastics to fuel refining.</li>
<li>Going forward, the Group will be focusing on 2 main business segments - recycling of e-waste and the supply of healthcare products.</li>
<li>The Group’s recycling segment collects most of the e-waste from large multinational corporations (MNCs) with electronics manufacturing, who require equipment such as gloves and personal protective equipment (PPE) in their manufacturing process. With the acquisition of Pastel Gloves, the Group has plans to expand product range to include PPE and sees significant cross-selling potential across the business segments.</li>
</ul>

10 Questions for Enviro-Hub Holdings
Company Overview Enviro-Hub Holdings Ltd (Enviro-Hub) has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub diversified into the healthcare business with its investment in Malaysian glove manufacturer, Pastel Glove Sdn. Bhd., marking the Group’s foray into the glove manufacturing and healthcare consumables sectors. Link to StockFacts company page

With a diverse portfolio, how does the Group ensure that synergy between the various subsidiaries is maintained?


Enviro-Hub’s businesses include (i) trading, recycling and refining of e-waste/metals; (ii) piling contracts, construction, rental and servicing of machinery; (iii) property investments and management; and (iv) plastics to fuel refining.
Going forward, the Group will be focusing on 2 main business segments - recycling of e-waste and the supply of healthcare products.
The Group’s recycling segment collects most of the e-waste from large multinational corporations (MNCs) with electronics manufacturing, who require equipment such as gloves and personal protective equipment (PPE) in their manufacturing process. With the acquisition of Pastel Gloves, the Group has plans to expand product range to include PPE and sees significant cross-selling potential across the business segments.


10 in 10 with Enviro-Hub Holdings - New Player in Glove Industry

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<div class="content-caption">EHH CEO</div>

Having grown up in a family of rag-and-bone traders, it’s not surprising that Raymond Ng, Executive Chairman of SGX-listed Enviro-Hub Holdings Ltd, has made recycling and waste management his life’s work.
During his teens, Ng used to accompany his father, a “karung guni” or junk dealer who drove around neighbourhoods in a truck to collect discarded or used items destined for dumpsites and recycling plants. “That was my first introduction to the concept of recycling,” he recalled.
After leaving school, Ng joined the Singapore Armed Forces (SAF), where he discovered his talent as an auto mechanic. But the recycling business was never far from his mind.
Years later, when Ng’s brothers invited him to join the family’s “karung guni” business, he agreed, on one condition - that they switch to recycling electronic waste. “That was how I ventured into the e-waste management industry,” he added.
Towards the end of 2004, Ng launched a mandatory general offer for listed piling and construction firm Leong Hin Holdings, after injecting two e-waste recycling businesses - HLS Electronics and Cimelia Resource Recovery - into the company.
In 2005, the Group was renamed Enviro-Hub Holdings to reflect its new focus as an integrated environmental services hub, providing environmental management solutions and services to the global Electronics, Electrical and Equipment (EEE) industries.
“I strongly believe that if you reduce wastage, it will mean better health for yourself and everyone else. Reducing, reusing and recycling is still the best way forward - it makes us more environmentally conscious and responsible,” noted Ng, who has more than three decades of experience in the recycling industry, and nearly two decades of exposure to the real estate sector.
“Less waste, more health means it’s more sustainable for the earth and the environment. And if you make a profit out of it as well, so much the better!”
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of electronics waste (e-waste/metals), piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining.
E-waste is trash generated from surplus, broken, and obsolete electronic devices. Recycling e-waste facilitates the recovery of valuable metals and other materials from electronics devices, thus saving energy, reducing pollution, and conserving landfill space.
Enviro-Hub possesses a seamless value creation chain in its environmental management solutions and services. Its businesses focus on sustainable living, and include the provision of total WEEE (waste electronics, electrical and equipment) solutions, recovery and refining of platinum group metals, as well as recycling of ferrous and nonferrous metals. These are part of the Group’s efforts to create a sustainable future and reinforce its brand around the globe.
Booming Glove Demand
In the meantime, COVID-19 has also reinforced the impetus for recycling amongst corporations. “There’s even more consciousness now of the need to recycle, as well as issues concerning sustainability of the environment and the earth’s resources,” Ng pointed out.
As Enviro-Hub is categorised as an essential business, it was allowed to continue operating during the pandemic. But lockdown measures made it difficult for the Group to conduct its trading activities.
“Instead of selling the materials by way of trading, we focused on adding value through sorting, dismantling and crushing to increase the purity of the metals. We also boosted our waste metal refining and recovery capacities during this period,” he added.
Earlier this year, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million, marking the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust, multi-year growth prospects.
“We’re constantly on the lookout for new opportunities that will provide strong, recurring income streams, and create better value for our shareholders,” Ng said, adding that Enviro-Hub had stumbled across this opportunity in Pastel Glove, which boasts a strong order pipeline and huge demand potential.
“We’re now living in the new normal, where people are cautious and paying more attention to personal hygiene,” he noted. “Healthcare institutions are also boosting their use of PPE. There’s a lot of room for growth, even with vaccinations being rolled out, and we intend to explore further synergies from this business segment.”
As part of the Group’s Environment, Social and Governance (ESG) efforts, and being cognisant of the potential environmental hazards associated with the improper disposal of e-waste, Enviro-Hub has focused on developing its waste disposal facilities to recycle e-waste properly.
Apart from complying with relevant environmental laws and regulations such as the Environmental Protection and Management Act and Regulations, the Hazardous Waste Act, the Prevention of Pollution of the Sea Act, and the Fire Safety Act, the Group’s e-waste recycling units - Cimelia and HLS - will support the Extended Producer Responsibility (EPR) law, due to take effect this year.
This regulation ensures that producers of electrical and electronic equipment in Singapore have their products collected, recycled or disposed of responsibly when they reach the end of their lifespan.
Rising E-Waste Stream
In the meantime, the outlook for the e-waste management industry remains bright. Data from the UN’s Global E-waste Monitor 2020 report showed that a record 53.6 million metric tonnes of electronic waste was generated worldwide in 2019, up 21% in just five years.
The report also predicts global e-waste - discarded products with a battery or plug - will reach 74 metric tonnes by 2030, almost doubling in 16 years. This makes e-waste the world’s fastest-growing domestic waste stream, fuelled mainly by higher consumption rates of electric and electronic equipment, shorter life cycles, and fewer repair options.
Only 17.4% of 2019’s e-waste was collected and recycled, according to the report.&nbsp; Asia generated the greatest volume of e-waste in 2019 with 24.9 metric tonnes, followed by the Americas at 13.1 metric tonnes, and Europe at 12 metric tonnes.
According to data from Allied Market Research, the e-waste management market was valued at US$42.0 billion in 2019, and is projected to reach US$102.6 billion by 2027, expanding at a compound annual growth rate (CAGR) of 11.9% from 2020 to 2027.
Despite the demands of the Group’s day-to-day operations, Ng makes it a point to take time to reset and refocus. “If there’s a problem that I can’t solve, I won’t stay up thinking about it - I would rather get a good night’s rest and come up with a solution the next day.”
And when he’s not focused on work, the 57-year-old can be found pottering amongst his collectors’ items, which range from antiques, artefacts and building materials to vintage Pu-Er tea, Chinese teapots and snuff bottles.
“I collect only the things that I enjoy and love - it’s not about their intrinsic value,” he said.
“Having been a scrap collector since young, I’ve always been very curious about how things are made, how they can be taken apart, what materials they are made of, and how they can be re-assembled into useful items again.”
For this father of two sons and two daughters, aged 21 to 27 years old, family time is a priority. To his children, he always highlights the values of trust and integrity.
“It doesn’t matter if you have no money or little education. Instead, what is more significant is whether you are honest and can inspire trust in others - these are the qualities that no one can take away from you, and will lay the foundation for your success in life.”
 Enviro-Hub Holdings Ltd
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million. This marks the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust long-term prospects.
 The company website is: <a href="http://www.enviro-hub.com" target="_blank" rel="noopener">www.enviro-hub.com</a>
 Click <a href="https://www.sgx.com/securities/equities/L23" target="_blank" rel="noopener">here</a> for the company's StockFacts page.
 For the year ended 31 December 2020 financial results, click <a href="https://links.sgx.com/FileOpen/FY2020%20Results%20Announcement.ashx?App=Announcement&amp;FileID=650213" target="_blank" rel="noopener">here</a>. &nbsp;
About&nbsp;kopi-C: the Company brew
Text: Jennifer Tan-Stanisic Photo: Company file kopi-C&nbsp;is a regular column on the SGX Research website that features C-level executives of leading companies listed on Singapore Exchange. These interviews are profiles of senior management aimed at helping investors better understand the individuals who run these corporations. For previous editions of&nbsp;kopi-C: the Company brew,&nbsp;please click&nbsp;<a href="https://www.sgx.com/research-education/market-dialogues" target="_blank" rel="noopener">here</a>. &nbsp; For more information, or if you would like your senior executives to be featured on SGX Market Dialogues, please send suggestions to&nbsp;<a href="https://www.sgx.com/jennifer.t@sgx.com" target="_blank" rel="noopener">jennifer.t@sgx.com</a>.


EHH CEO

Having grown up in a family of rag-and-bone traders, it’s not surprising that Raymond Ng, Executive Chairman of SGX-listed Enviro-Hub Holdings Ltd, has made recycling and waste management his life’s work.
During his teens, Ng used to accompany his father, a “karung guni” or junk dealer who drove around neighbourhoods in a truck to collect discarded or used items destined for dumpsites and recycling plants. “That was my first introduction to the concept of recycling,” he recalled.
After leaving school, Ng joined the Singapore Armed Forces (SAF), where he discovered his talent as an auto mechanic. But the recycling business was never far from his mind.
Years later, when Ng’s brothers invited him to join the family’s “karung guni” business, he agreed, on one condition - that they switch to recycling electronic waste. “That was how I ventured into the e-waste management industry,” he added.
Towards the end of 2004, Ng launched a mandatory general offer for listed piling and construction firm Leong Hin Holdings, after injecting two e-waste recycling businesses - HLS Electronics and Cimelia Resource Recovery - into the company.
In 2005, the Group was renamed Enviro-Hub Holdings to reflect its new focus as an integrated environmental services hub, providing environmental management solutions and services to the global Electronics, Electrical and Equipment (EEE) industries.
“I strongly believe that if you reduce wastage, it will mean better health for yourself and everyone else. Reducing, reusing and recycling is still the best way forward - it makes us more environmentally conscious and responsible,” noted Ng, who has more than three decades of experience in the recycling industry, and nearly two decades of exposure to the real estate sector.
“Less waste, more health means it’s more sustainable for the earth and the environment. And if you make a profit out of it as well, so much the better!”
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of electronics waste (e-waste/metals), piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining.
E-waste is trash generated from surplus, broken, and obsolete electronic devices. Recycling e-waste facilitates the recovery of valuable metals and other materials from electronics devices, thus saving energy, reducing pollution, and conserving landfill space.
Enviro-Hub possesses a seamless value creation chain in its environmental management solutions and services. Its businesses focus on sustainable living, and include the provision of total WEEE (waste electronics, electrical and equipment) solutions, recovery and refining of platinum group metals, as well as recycling of ferrous and nonferrous metals. These are part of the Group’s efforts to create a sustainable future and reinforce its brand around the globe.
Booming Glove Demand
In the meantime, COVID-19 has also reinforced the impetus for recycling amongst corporations. “There’s even more consciousness now of the need to recycle, as well as issues concerning sustainability of the environment and the earth’s resources,” Ng pointed out.
As Enviro-Hub is categorised as an essential business, it was allowed to continue operating during the pandemic. But lockdown measures made it difficult for the Group to conduct its trading activities.
“Instead of selling the materials by way of trading, we focused on adding value through sorting, dismantling and crushing to increase the purity of the metals. We also boosted our waste metal refining and recovery capacities during this period,” he added.
Earlier this year, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million, marking the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust, multi-year growth prospects.
“We’re constantly on the lookout for new opportunities that will provide strong, recurring income streams, and create better value for our shareholders,” Ng said, adding that Enviro-Hub had stumbled across this opportunity in Pastel Glove, which boasts a strong order pipeline and huge demand potential.
“We’re now living in the new normal, where people are cautious and paying more attention to personal hygiene,” he noted. “Healthcare institutions are also boosting their use of PPE. There’s a lot of room for growth, even with vaccinations being rolled out, and we intend to explore further synergies from this business segment.”
As part of the Group’s Environment, Social and Governance (ESG) efforts, and being cognisant of the potential environmental hazards associated with the improper disposal of e-waste, Enviro-Hub has focused on developing its waste disposal facilities to recycle e-waste properly.
Apart from complying with relevant environmental laws and regulations such as the Environmental Protection and Management Act and Regulations, the Hazardous Waste Act, the Prevention of Pollution of the Sea Act, and the Fire Safety Act, the Group’s e-waste recycling units - Cimelia and HLS - will support the Extended Producer Responsibility (EPR) law, due to take effect this year.
This regulation ensures that producers of electrical and electronic equipment in Singapore have their products collected, recycled or disposed of responsibly when they reach the end of their lifespan.
Rising E-Waste Stream
In the meantime, the outlook for the e-waste management industry remains bright. Data from the UN’s Global E-waste Monitor 2020 report showed that a record 53.6 million metric tonnes of electronic waste was generated worldwide in 2019, up 21% in just five years.
The report also predicts global e-waste - discarded products with a battery or plug - will reach 74 metric tonnes by 2030, almost doubling in 16 years. This makes e-waste the world’s fastest-growing domestic waste stream, fuelled mainly by higher consumption rates of electric and electronic equipment, shorter life cycles, and fewer repair options.
Only 17.4% of 2019’s e-waste was collected and recycled, according to the report.&nbsp; Asia generated the greatest volume of e-waste in 2019 with 24.9 metric tonnes, followed by the Americas at 13.1 metric tonnes, and Europe at 12 metric tonnes.
According to data from Allied Market Research, the e-waste management market was valued at US$42.0 billion in 2019, and is projected to reach US$102.6 billion by 2027, expanding at a compound annual growth rate (CAGR) of 11.9% from 2020 to 2027.
Despite the demands of the Group’s day-to-day operations, Ng makes it a point to take time to reset and refocus. “If there’s a problem that I can’t solve, I won’t stay up thinking about it - I would rather get a good night’s rest and come up with a solution the next day.”
And when he’s not focused on work, the 57-year-old can be found pottering amongst his collectors’ items, which range from antiques, artefacts and building materials to vintage Pu-Er tea, Chinese teapots and snuff bottles.
“I collect only the things that I enjoy and love - it’s not about their intrinsic value,” he said.
“Having been a scrap collector since young, I’ve always been very curious about how things are made, how they can be taken apart, what materials they are made of, and how they can be re-assembled into useful items again.”
For this father of two sons and two daughters, aged 21 to 27 years old, family time is a priority. To his children, he always highlights the values of trust and integrity.
“It doesn’t matter if you have no money or little education. Instead, what is more significant is whether you are honest and can inspire trust in others - these are the qualities that no one can take away from you, and will lay the foundation for your success in life.”
 Enviro-Hub Holdings Ltd
Mainboard-listed Enviro-Hub has a diverse portfolio that includes trading, recycling and refining of e-waste/metals, piling contracts, construction, rental and servicing of machinery, property investments and management, as well as plastics to fuel refining. In 2021, Enviro-Hub completed the acquisition of a 25% stake in Malaysian glove manufacturer Pastel Glove for US$5 million. This marks the Group’s foray into the glove manufacturing and healthcare consumables sectors, which offer robust long-term prospects.
 The company website is: www.enviro-hub.com
 Click here for the company's StockFacts page.
 For the year ended 31 December 2020 financial results, click here.  &nbsp;
About&nbsp;kopi-C: the Company brew
Text: Jennifer Tan-Stanisic Photo: Company file  kopi-C&nbsp;is a regular column on the SGX Research website that features C-level executives of leading companies listed on Singapore Exchange. These interviews are profiles of senior management aimed at helping investors better understand the individuals who run these corporations.  For previous editions of&nbsp;kopi-C: the Company brew,&nbsp;please click&nbsp;here. &nbsp;  For more information, or if you would like your senior executives to be featured on SGX Market Dialogues, please send suggestions to&nbsp;jennifer.t@sgx.com.

Enviro-Hub Recycles E-Waste For Sustainable Future

Singapore

Enviro-Hub Holdings Limited is an investment holding company whose subsidiaries operate geotechnic and piling works, and develop properties.  The Company also sells, services and rents engineering hardware, construction machinery and equipment, and recycles metals and plastics.

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